Student Banking Advantage® Plan
A worry-free account matched for student life
- No monthly account fee4
- Unlimited debit transactions1 and Interac e-Transfer† transactions2
- Earn rewards on debit transactions3
Earn a $75 welcome bonus5
Is this Chequing Account right for you?
Right for you if you:
- Use for everyday banking such as purchases, ABM transactions and payroll deposits
- Are enrolled full-time in a post-secondary institution in Canada or the U.S.
May not be right for you if you:
Are interested in only opening a savings account that earns interest
Unlimited debit transactions1
Unlimited Interac e-Transfer† transactions2
Eligible for overdraft protection7
No monthly account fee
Free paperless or paper statements
* Must be currently enrolled full time in a post-secondary institution in Canada or the U.S. (Domestic or International students)4
Get Rewarded with Scene+
Earn points on everyday purchases with the Scene+TM program
- 1 Scene+ point for every $5 spent on everyday purchases.3
- 1 Scene+ point for every $1 spent at Cineplex.
- Redeem Scene+ points for travel, shopping, entertainment, dining, banking, and more.
What you can access with every account
Mobile and online banking
Mobile cheque deposit
Free credit score††
Shop with convenient VISA Debit and Interac Flash payment options
Apple Pay, Google Pay and Samsung Pay
Banking with Scotia just makes sense
Get your fees waived!
Earn rewards on your everyday purchases
Convenient branch & 4,000+ ABM locations
Personalized financial advice
Registered trademarks of The Bank of Nova Scotia
Interac e-Transfer is a registered trade-mark of Interac Corp. Used under license.
Trademark of Scene IP LP, used under license.
Registered trademarks of TransUnion LLC. CreditView is a service provided by TransUnion. The Bank of Nova Scotia and its affiliates are not responsible for the service.
Terms and Conditions found in Scotiabank International Money Transfer Agreement apply
Additional fees apply for shared ABM services, cross-border debit transactions and other banking services not included in the Student Banking Advantage Plan account package.
Fees may initially be charged for e-transfers in excess of 99 in a month but will be reversed in the subsequent month.
If you’re attending a university, community college, or another recognized post-secondary school in Canada or the United States, you can take advantage of this plan. This plan is available only for full-time students registered in a course for credit. To take advantage of the account benefits, you will need to provide your branch with proof that you are enrolled full-time at a qualifying post-secondary institution each academic year prior to November 30th. When you are no longer enrolled full-time or you have not presented proof enrollment, the plan will be removed and the account will automatically be converted to an account that is suitable to you based on your recent transaction behaviour.
To qualify for the $75 welcome bonus (the “Offer”), you must:
1. Open a new Student Banking Advantage Plan (an “Eligible Account”) by July 31, 2022; and
2. Complete either of the following activities in your Eligible Account within 60 days of Eligible Account opening:
- Set up and clear at least one (1) eligible automated and recurring direct deposit♢♢, such as payroll, or
- Set up and clear at least two (2) eligible recurring pre-authorized transactions♢♢ for a minimum of $25 per transaction, which will recur monthly for a minimum of three (3) consecutive months.
♢♢Click here for a list of eligible direct deposits and pre-authorized transactions. Notwithstanding a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit or pre-authorized transaction is eligible for the Offer. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the Offer.
Eligibility and Exclusions: Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the Offer. Individuals who were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the Offer. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. Employees of Scotiabank are also not eligible for the Offer.
General Terms: The $75 cash bonus will be deposited to the Eligible Account within six (6) months from account open date provided all Offer conditions outlined above have been met. The Eligible Account must be open and in good standing until the time of payout of the cash bonus. The Eligible Account is not in "good standing" if: (i) it has a negative balance exceeding the authorized overdraft limit, or (ii) it has been in continuous overdraft for a period of three consecutive months. The Offer is non-transferable and may not be duplicated. Limit of one (1) Offer per customer, regardless of the number of Eligible Accounts opened. If more than one (1) Eligible Account is opened, only the first Eligible Account opened will be eligible for the Offer. For joint accounts, only one (1) cash bonus Offer will be applied to the primary account holder’s Eligible Account. All rates, fees, features and benefits are subject to change. The Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
Scotiabank StartRight® Program created for Canadian Permanent Residents from 0-3 years in Canada, Investor Immigrants and Foreign Workers.
Offer eligibility: To qualify for the 1-Year No Monthly Account Fee Offer (the “Offer”), open a new Preferred Package account under the StartRight® Program (the “Account”). [Employees of The Bank of Nova Scotia (“Scotiabank”) and individuals who are currently or were previously holders/ joint holders of a Scotiabank chequing account within the last 2 years are not eligible for this Offer]
How this Offer Works: During the first 12months, your monthly Account fee will be waived and will not appear as a charge on your Account. The Account must be open and in good standing at the time of the waiver. All applicable service charges on the Account will continue to be applied monthly. After the first 12 months, you will begin to see the monthly Account fee charged to your Account unless you maintain a minimum daily closing balance of $4,000, in which case the monthly Account fee will be waived per the Account terms and conditions.
This Offer is non-transferable and cannot be combined with any other offers. Maximum one Offer per customer. All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled, or extended at any time without notice.